Ancora Advisors Dumps Millions on McDonald's Stock
Ancora Advisors LLC has decreased its holdings in McDonald's Corporation (NYSE:MCD) by 6.0% in the second quarter, according to a recent 13F filing with the Securities & Exchange Commission.
The firm owned 92,225 shares of the fast-food giant's stock after selling 5,901 shares during the quarter, valued at $24.93 million at the end of the most recent quarter.
Ancora Advisors LLC is not alone in its investment decisions regarding McDonald's; other hedge funds and institutional investors have also added to or reduced their stakes in the company.